Your selected car loans
Home Owner Discount, Including Demo, Fixed, Secured
Eligible for homeowners only. Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.69% would cost $34,940.17 including fees.
Read our Mozo Review to learn more about the loans.com.au New Car Loan - Special
Fixed, Secured
Available for all New and Used cars up to 7 years. A quick and easy, 100% online application with loans up to $75,000. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.25% would cost $35,258.67 including fees.
Read our Mozo Review to learn more about the OurMoneyMarket Car Loan
New or Used, Fixed, Secured
No monthly or ongoing fees. Get a 0.70% discount on your car loan interest rate if you buy a qualifying green car. Winner of Mozo's Experts Choice Green Car Loan 2021 award^.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.99% would cost $35,190.67 including fees.
Read our Mozo Review to learn more about the loans.com.au Clean Green Car Loan
Fixed, Secured
Enjoy a quick application process and no monthly fees on NRMA used car loans. Finance also available motorcycles, caravans and motorhomes. Low fixed interest rates with terms of up to seven years. Plus, NRMA Blue Member benefits apply so you could enjoy even lower rates as an NRMA Member**.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,987.90 including fees.
Read our Mozo Review to learn more about the NRMA Used Car Loan
Dealer Only, Up to 5 years old, Fixed, Secured
Used Car Loan with no monthly or ongoing fees, with a fixed rate for the life of the loan. Fast online application.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 7.49% would cost $36,459.75 including fees.
Read our Mozo Review to learn more about the loans.com.au Used Car Loan
Fixed
Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $79,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 7.09% would cost $36,323.64 including fees.
Read our Mozo Review to learn more about the Wisr Secured Car Loan
Home Owner Discount, Dealer Only, Up to 5 years old, Fixed, Secured
Eligible for homeowners only. Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,610.64 including fees.
Read our Mozo Review to learn more about the loans.com.au Used Car Loan
Up to 7 years old, Fixed, Secured
Purchase or refinance a new or used vehicle, up to five years old. Choose a loan term from one to seven years. To be eligible you must be over 18, receiving a regular income and an Australian resident.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.39% would cost $34,790.78 including fees.
Read our Mozo Review to learn more about the Heritage Bank Car Loan
Home Owner Discount, New or Used, Fixed, Secured
No monthly or ongoing fees. Get a 0.70% discount on your car loan interest rate if you buy a qualifying green car. Winner of Mozo's Experts Choice Green Car Loan 2021 award^.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 4.99% would cost $34,359.97 including fees.
Read our Mozo Review to learn more about the loans.com.au Clean Green Car Loan
^See information about the Mozo Experts Choice Car loans Awards
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While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
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See all car loan providersWhether you’re refinancing your current car loan or picking out a new car loan for your wheels, comparing the best car loan rates to find your perfect fit is a really important first step in the process. To get you started, we’ve answered some of the most commonly asked questions about car loan rates below.
Unfortunately, that’s almost impossible to answer! Lenders change their interest rate offerings all the time, so there’s no one ‘best’ car loan interest rate we can point you to. Plus, a bunch of other factors go into the decision of which car loan is best for you, like what features it offers, what fees are involved, whether you opt for a secured or unsecured loan and your own personal financial situation.
The good news is, you can still find some of the cheapest car loan rates around by doing a price comparison before putting in an application. And that’s where Mozo’s car loan search tool comes in.
There can be a huge difference between the best car loan rate in the market and the worst - so you might be wondering just how interest rates are decided. Here are some of the things that can make a big difference to what interest rate is on offer.
With so many car loans on the market, how do you make sure you’re getting the best deal around? Here are a few of our top tips:
The real reason finding the best car loan interest rate is important is because it ultimately affects how much you pay each month. And when it comes to car loans, interest rates can be wildly different depending on which lender and product you choose, ranging from below 5% to around 17% at the time of writing.
Our car loan comparison calculator shows that a difference of just 1% can mean hundreds of dollars over the life of a loan. For example, a $30,000 loan over 5 years with a rate of 6.99% is $855 cheaper than one with a rate of 7.99%.
Rates are indicative only and do not represent current products. Please see our table for up-to-date product rates.
Yes, whether you’re buying a pre-loved car or a brand new set of wheels will make a difference to the interest rate you pay. Generally speaking, used car loan rates are a bit higher than loans for new cars.
Why? It basically comes down to the fact that to a lender, a used car is a bigger financial risk than a new vehicle because it's more likely to have wear and tear, and a shorter lifespan. So they plan for this higher risk factor by charging more interest.
The tradeoff is that when buying a used car, you’ll probably need to borrow significantly less - which means you may pay less interest in the long run anyway.
Here’s an example of what we mean:
Based on average rates for new and used cars as of 23/5/18.
While scoring the best car loan rate possible is super important, it’s not the only thing you need to think about when choosing a loan for your new set of wheels. You should think about the whole loan package and whether it’s a good deal. Here are a few things to check before signing up:
One important tool to help you compare car loans on even footing is the comparison rate. This is shown next to the interest rate in our comparison table and takes into account the interest as well as any guaranteed fees included in the car loan. By looking at the comparison rate, you can get a more accurate idea of the ‘true cost’ of a loan.
That’s the easy part. You can compare current car loan rates using our car loan comparison table above, or if you’d like to search for options specific to your needs, you can plug your loan amount and term into our car loan search tool. This works for if your getting a $5000 personal loan or a $50000 personal loan.
The convenience of buying a new car and a finance product together is a time saver. You can negotiate an interest rate and the loan is very flexible for life's ups and downs.
Read full reviewThe convenience of buying a new car and a finance product together is a time saver. You can negotiate an interest rate and the loan is very flexible for life's ups and downs.
There is no branch where I live but it is super easy to contact them and they are really great with communication.
Read full reviewThere is no branch where I live but it is super easy to contact them and they are really great with communication.
Terrible customer service. Terrible interest rate.
Read full reviewTerrible customer service. Terrible interest rate.
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Your selected car loans